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Author Topic: Start mining.. Is it a good idea??  (Read 188 times)
mrbear11
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June 11, 2018, 04:56:51 PM
 #41

I don't know how much cost to mining 1 BTC. But I think in the downtrend market as it is now, mining BTC is not a wise investment option.
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June 11, 2018, 06:21:38 PM
 #42

I dont think mining is a good idea now. With the difficulty getting higher and the initial investment you have to do. Especially for bitcoin.

Maybe you can take a risk and mine a new coin, but yeah.. thats a risk
huhhuh18
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June 11, 2018, 10:22:36 PM
 #43

You did a very good analysis. So I'd say if you don't have the appropriate equipments that can make you earn better then i think you should halt.
moivenamer
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June 12, 2018, 08:55:51 AM
 #44

It is a good idea if you have the right hardware to start mining activity. If cost of electricity in your country is cheap, then it will be also a plus factor in your mining activity.
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June 13, 2018, 05:13:17 PM
 #45

To be honest, mining is a serious business now and we should leave it for those who treat it professionally. One might lose his money if someone is doing it in a wrong way. One should always get the deep understanding about mining activity before actually starting mining. Stay away from the cloud mining and web mining contracts if you want to avoid scams.

Gaselemeg
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June 14, 2018, 09:17:42 AM
 #46

Every year bitcoin mining becomes more and more labor-intensive, because the complexity of mining changes periodically and the reward decreases every year. So i would prefer to not even start.

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rassamah85
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June 14, 2018, 10:30:27 AM
 #47

Start mining ETH or another altcoins. Bitcoin mining needs  bitcoin mining hardware, that means to use too much financial resourses.  In addition, the complexity of mining increases more and more.
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